Podcast: The LRB Podcast (LS 55 · TOP 0.5% what is this?)Episode: On Politics: Do bond markets and the Bank of England run Britain?Pub date: 2025-10-29Get Podcast Transcript →powered by Listen411 - fast audio-to-text and summarizationAndy Burnham recently said that the government is ‘in hock to the bond markets’, and the political turbulence of the past few years, not least the downfall of Liz Truss following her ‘mini-budget’, would seem to back this up. But the bond markets are only part of the picture: the actions of the Bank of England and the fiscal rules a government sets for itself also play significant roles in the decisions a chancellor can make. In this episode James is joined by former Bank of England chief economist Andy Haldane and Daniela Gabor, professor of economics at SOAS, to consider why governments are so afraid of ‘bond vigilantes’ and the increasing influence of central banks on policy since the financial crisis of 2008. Should the Bank of England remain independent? And what room for manoeuvre does Rachel Reeves have in her budget next month?
on politics in the LRB: ⁠https://lrb.me/lrbpolitics⁠
From the LRB
Subscribe to the LRB: ⁠⁠https://lrb.me/subslrbpod
Close Readings podcast: ⁠https://lrb.me/crlrbpod⁠
LRB Audiobooks: ⁠https://lrb.me/audiobookslrbpod⁠
Bags, binders and more at the LRB Store: ⁠https://lrb.me/storelrbpod⁠
Get in touch: [email protected] podcast and artwork embedded on this page are from The London Review of Books, which is the property of its owner and not affiliated with or endorsed by Listen Notes, Inc.

Ver todos los episodios